Secfense, a cybersecurity company from Poland accelerates, and points out the pandemic as one of key factors that increased their traction. Now with BNP Paribas Bank and PKP Intercity among their clients Secfense reaches out to next big organizations.
The start-up Secfense, specializes in cybersecurity and is on the market from early 2018. In the same year, having only the early version of its solution (minimum viable product - MVP), the company acquired its first investor - the Bitspiration Booster venture capital fund. For the next couple of months Secfense was developing on the same time showcasing it on various startup and technology events and competitions in Poland and abroad. With effective, commercial activity, the company accelerated in 2020. It carried out the first test implementations (proof of concept - POC) in large enterprises. And now in 2021 Secfense is looking for more.
Secfense is also currently looking for investors willing to invest money for the international expansion of the company. Tomasz Kowalski, CEO and co-founder of Secfense, reveals that the start-up has already acquired the main investor for the round - a fund operating on the British and Estonian markets (the so-called term sheet has been already signed), and is talking to other investors. He does not disclose any details yet (negotiation process is still open). The company, however, hopes that it will manage to collect a total of approx. USD 2 million.
In Poland, the largest implementation so far was done for BNP Paribas Bank Polska. The bank has implemented Secfense technology called User Access Security Broker (UASB). The broker, as a component connected to the network of a given organization, allows to increase the level of cyber security by protecting against "the effects of phishing, including stealing sessions from logged in users and man-in-the-middle attacks”. The solution can be added to "any number of applications without interfering with their code". The mission of Secfense is to offer the easiest way for organizations to turn into zero trust security and go fully passwordless i.e. the process of authentication without the use of a password.
- Experience shows that today, in almost every bank, 2FA (two-factor authentication) is already implemented. Unfortunately, very rarely or even never in all applications. The global adoption of 2FA is a challenge that no organization has yet been able to meet. User Access Security Broker is characterized by high scalability - it allows the introduction of MFA (multi-factor authentication) on any number of applications. - explains Kowalski.
The company's representative reminds that last year, companies belonging to the Findia group became Secfense customers. Findia specializes in insurance and services in the area of technology, cyber protection and legal protection. The Secfense system is also used by PKP Intercity, the biggest railway transportation company in Poland.
- The COVID-19 pandemic has resulted in many companies switching overnight to remote work. Cybersecurity has thus become one of the priorities of IT departments. We won on this because Secfense broker is immediately deployable. Luckily for us, it was the moment when we were fully ready to introduce our product to the market - says Kowalski.
Currently, the company focuses on increasing sales in Poland and builds its sales strategy for the international markets. Destination: The UK, and the United States.
This article has been originally published in Polish in the biggest daily newspaper in Poland called Puls Biznesu.